Tag: $Lockheed Martin

Lockheed Martin reported a higher first-quarter profit on Tuesday and reaffirmed its forecasts for the year on the back of resilient demand for its missile systems and fighter jets.

President Donald Trump’s meeting with Ukraine President Volodymyr Zelensky on Friday didn’t go well. Defense stocks are getting a boost early Monday.

Tuesday morning, Lockheed reported third-quarter earnings per share of $6.80 from sales of $17.1 billion. Wall Street was looking for earnings per share of about $6.50 from sales of $17.4 billion, according to FactSet.

Lockheed Martin reported second-quarter earnings that blew by Wall Street estimates.

China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over U.S. arms sales to Taiwan, China’s foreign ministry said in a statement.

Lockheed Martin beat Wall Street’s first-quarter sales and earnings estimates in a strong start to 2024.

 Lockheed Martin said on Thursday it had won a contract worth up to $4.1 billion from the U.S. government’s Missile Defense Agency to continue the development of its battle command system.

Lockheed Martin stock is stuck despite rising global threats creating demand for its fighter planes. The 2024 outlook offered on Tuesday should keep things just as they are for shares—stable—whether investors like it or not.

Lockheed Martin reported a miss in their aeronautics revenue segment within their third quarter earnings on Tuesday. Segment revenues fell 5% year over year with the company saying F-35 jets face delivery delays amid heightened demand.

U.S. weapons maker Lockheed Martin cut its full-year delivery forecast for F-35 jets as delays at supplier L3Harris Technologies held up development of an upgraded version of the aircraft, the company said on Wednesday.

Defense companies in the U.S. have been successful in translating demand for air defense systems, missiles and other weapons into orders, triggered by the war in Ukraine and increasing tension in U.S.-China relations.